Section 17
Power to transfer rights.
The National Housing Bank Act, 1987
About this Act
An Act to establish a bank to be known as the National Housing Bank to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto.
The rights and interests of the National Housing Bank (including
any other rights incidental thereto) in relation to any loan or advance made, or any amount
recoverable, by it, may be transferred by the National Housing Bank, either in whole or in part, by the
execution or issue of any instrument or by the transfer of any instrument by endorsement, or in any
other manner in which the rights and interests in relation to such loan or advance may be lawfully
transferred, and the National Housing Bank may, notwithstanding such transfer, act as the trustee
within the meaning of section 3 of the Indian Trusts Act, 1882 (2 of 1882), for the transferee.